Zambia is targeting economic growth of 4.9% next year, its finance minister said on Friday, laying out the government’s priorities in a budget speech.
The government will aim to reduce the fiscal deficit to not more than 3.0% of gross domestic product (GDP).
It will also limit net domestic borrowing to 2.9% of GDP.
The Southern African copper-producing country emerged from a prolonged debt crisis after becoming Africa’s first COVID-era sovereign default in 2020.
